IBS Completes 10 Years

Trivandrum: The IBS Software Services, a leading provider of new-generation IT solutions to the global Travel, Transportation and Logistics (TTL) industry, celebrated its 10th anniversary yesterday. In a short span of ten years, the Company has scripted a remarkable story of growth. Starting from humble beginnings at the Technopark campus here, IBS has grown to a multinational today, doing business from 11 global centers around the world. What is significant is that the Company offers a range of as many as 15 software products and other customized solutions that manage the mission-critical operations of airlines, airports, cruise lines, oil & gas companies, leisure resorts and seaports across the globe. IBS' customer list of over 70 active customers includes the world's best airlines, the busiest international airports, the best cruise lines and the top oil & gas companies.
Steady and sustained growth based on a clear vision have ensured that IBS has posted a CAGR of 47.5% in the last ten years, resulting in a 700 fold increase on capital invested in 1997, as against a 30 fold increase in staff strength over the same period. Three strategic acquisitions have helped IBS become a veritable one-stop shop for new-generation solutions that address the complete requirements of all types of airlines and cruise lines. Recently, General Atlantic LLC invested US Dollars 60 million (Rupees 242 Crores) in the company. Being a global growth investor in the technology sector, General Atlantic will provide the strategic assistance to propel IBS to the next phase of its aggressive growth strategy.
Focus on the niche Travel, Transportation and Logistics industry segments and commitment to developing new-generation technology solutions have been the underlying factors in IBS’ growth.
10/09/07 India PRwire (Press Release)

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Categories: General Aviation Sep 2007